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House For Sale Culver Road, Bognor Regis, PO22

£8,000

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Last Updated: 22nd June 2019

Description

Sunny days by the seaside, building sandcastles on the foreshore and catching crabs in the rock pools, then retreating to your beach hut for the well earned cuppa. Images of the idyllic summer holiday. Why not turn these dreams into reality and take a look at this DETACHED TIMBER BUILT BEACH HUT..  Located towards the eastern end of the greensward, this hut offers the purchaser the ideal opportunity to store those bulky 'lilos', beach chairs, buckets, spades and associated seaside implements!! Parking is available either in the adjoining car park (at a cost), or in the surrounding roads, subject to availability.  Public toilets and beach café are less than 200 yards away, whilst the village centre lies about 400 yards inland.  Why not come to Felpham and have a look, if nothing else it gives an excuse to spend a day by the sea!  Telephone May's on [use Contact Agent Button] for an appointment.



The hut is approximately 8’0 x 6’0 with a pitched and felted roof plus drop down decking area. The hut is held from April 2017 on a 5 year lease having a Ground Rent of approx £500 p.a.. Parking is available immediately to the rear of the huts (fees are payable) or on the surrounding roads, subject to availability. The huts are potentially subject to a business rate, but there are exemptions for most individuals.  Please ask for details. 
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Comparison with local sold prices

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Profitability

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Interest Rates

Bank of England Base Rate:
0.1%
Lower interest rates mean lower mortgage payments and makes property more affordable historically in times of low interest rate property prices tend to increase.
10

Mortgage Availability

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10

Fiscal Policy

Due to recent economic uncertainty the government has adjusted their spending levels and lowered tax rate. Pumping money into the economy and its central bank in order to increase money supply.
10

Comparison with other investment alternatives

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